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U.S. ATM Fraud Losses Jump

ATM-related fraud losses are increasing in the U.S., and experts say that trend will continue. Experts say EMV-chip-chip cards are less expensive for banks to invest in fraud detection systems than the EMV infrastructure. Visa and MasterCard have set targets and liability-shift dates for migration to EMV. Visa set April 2013 for transaction acquirers to have their processing systems upgraded to support chip and dynamic authentication. ATM fraud is migrating away from regions where the Europay, MasterCard, Visa standard has been adopted.”]

Source: https://www.cuinfosecurity.com/us-atm-fraud-losses-jump-a-5976

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